PUBLIC LAW 109–280—AUG. 17, 2006
120 STAT. 919
(E) the possibility of alternative schedules and procedures for financially troubled employers, and (F) other aspects of the multiemployer system, and (3) the role of the multiemployer pension plan system in helping small employers to offer pension benefits. (c) SUNSET.— (1) IN GENERAL.—Except as provided in this subsection, notwithstanding any other provision of this Act, the provisions of, and the amendments made by, sections 201(b), 202, and 212 shall not apply to plan years beginning after December 31, 2014. (2) FUNDING IMPROVEMENT AND REHABILITATION PLANS.— If a plan is operating under a funding improvement or rehabilitation plan under section 305 of such Act or 432 of such Code for its last year beginning before January 1, 2015, such plan shall continue to operate under such funding improvement or rehabilitation plan during any period after December 31, 2014, such funding improvement or rehabilitation plan is in effect and all provisions of such Act or Code relating to the operation of such funding improvement or rehabilitation plan shall continue in effect during such period.
26 USC 412 note.
TITLE III—INTEREST RATE ASSUMPTIONS SEC. 301. EXTENSION OF REPLACEMENT OF 30-YEAR TREASURY RATES.
(a) AMENDMENTS OF ERISA.— (1) DETERMINATION OF RANGE.—Subclause (II) of section 302(b)(5)(B)(ii) of the Employee Retirement Income Security Act of 1974 is amended— (A) by striking ‘‘2006’’ and inserting ‘‘2008’’, and (B) by striking ‘‘AND 2005’’ in the heading and inserting ‘‘, 2005, 2006, AND 2007’’. (2) DETERMINATION OF CURRENT LIABILITY.—Subclause (IV) of section 302(d)(7)(C)(i) of such Act is amended— (A) by striking ‘‘or 2005’’ and inserting ‘‘, 2005, 2006, or 2007’’, and (B) by striking ‘‘AND 2005’’ in the heading and inserting ‘‘, 2005, 2006, AND 2007’’. (3) PBGC PREMIUM RATE.—Subclause (V) of section 4006(a)(3)(E)(iii) of such Act is amended by striking ‘‘2006’’ and inserting ‘‘2008’’. (b) AMENDMENTS OF INTERNAL REVENUE CODE.— (1) DETERMINATION OF RANGE.—Subclause (II) of section 412(b)(5)(B)(ii) of the Internal Revenue Code of 1986 is amended— (A) by striking ‘‘2006’’ and inserting ‘‘2008’’, and (B) by striking ‘‘AND 2005’’ in the heading and inserting ‘‘, 2005, 2006, AND 2007’’. (2) DETERMINATION OF CURRENT LIABILITY.—Subclause (IV) of section 412(l)(7)(C)(i) of such Code is amended— (A) by striking ‘‘or 2005’’ and inserting ‘‘, 2005, 2006, or 2007’’, and (B) by striking ‘‘AND 2005’’ in the heading and inserting ‘‘, 2005, 2006, AND 2007’’.
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29 USC 1082.
29 USC 1306.
26 USC 412.
APPS06
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